Glenmede Trust Co. NA Sells 1,771 Shares of Deere & Company (NYSE:DE)

Glenmede Trust Co. NA cut its stake in shares of Deere & Company (NYSE:DE - Free Report) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,677 shares of the industrial products company's stock after selling 1,771 shares during the quarter. Glenmede Trust Co. NA's holdings in Deere & Company were worth $13,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DE. Atria Investments Inc grew its holdings in Deere & Company by 4.6% during the 1st quarter. Atria Investments Inc now owns 17,181 shares of the industrial products company's stock worth $7,050,000 after acquiring an additional 763 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Deere & Company by 398.2% during the first quarter. Cetera Investment Advisers now owns 129,927 shares of the industrial products company's stock worth $53,366,000 after buying an additional 103,850 shares during the period. Cetera Advisor Networks LLC increased its position in shares of Deere & Company by 2.5% during the first quarter. Cetera Advisor Networks LLC now owns 48,693 shares of the industrial products company's stock worth $20,000,000 after buying an additional 1,170 shares during the period. Boston Partners increased its position in shares of Deere & Company by 0.8% during the first quarter. Boston Partners now owns 406,995 shares of the industrial products company's stock worth $166,847,000 after buying an additional 3,044 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Deere & Company during the first quarter worth $659,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Up 0.0 %

Shares of Deere & Company stock traded up $0.21 during trading hours on Friday, reaching $466.21. The company's stock had a trading volume of 732,153 shares, compared to its average volume of 1,450,964. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company has a market capitalization of $127.56 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93. The stock's fifty day simple moving average is $412.04 and its two-hundred day simple moving average is $388.07. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts' consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the firm earned $8.26 earnings per share. The business's quarterly revenue was down 32.8% compared to the same quarter last year. On average, research analysts forecast that Deere & Company will post 19.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DE shares. UBS Group increased their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Truist Financial increased their price objective on shares of Deere & Company from $496.00 to $538.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. BMO Capital Markets initiated coverage on shares of Deere & Company in a research report on Friday, August 9th. They set a "market perform" rating and a $400.00 price objective for the company. Morgan Stanley increased their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Oppenheimer increased their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $436.41.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.